Santa Claus comes around just once a year. In the meantime, there are Credit Cards.

    Federal Bank Kisan Credit Card

    Federal Bank is one of the leading private sector banks in India which is based in Kerala. With the aim to aid the agricultural sector, the Bank offers the Federal RuPay Kisan Card to eligible applicants. This credit card has ATM facility that can be availed by the Federal Kisan Credit Card holders.

    Features and Benefits of Federal Bank Kisan Credit Card:

    Credit Availability:

    This credit limit available on this card can be used for meeting the expenses related to carrying out seasonal operations and also expenses incurred in crop raising.

    Simple Documentation and Processing:

    There is minimal documentation and quick and convenient processing of applications for the Federal Kisan Credit Card

    Passbook facility:

    Federal Kisan Credit Card holders will not just get the Federal Rupay Kisan Card but also a passbook to keep track of their transactions.

    Credit Limit:

    The minimum credit limit that is available to a Federal Kisan Credit Card holder is Rs. 25,000. There is no cap on the maximum limit on the credit limit that can be availed by an eligible applicant.

    ATM cum Debit card facility:

    Customers of the Bank who are eligible for the Federal Kisan Credit Card (FKCC) scheme can avail the ATM cum Debit card facility to withdraw funds from over 1,00,000 ATMs in India

    Cash Withdrawal limit:

    The cash withdrawal limit available on this card is Rs. 50,000, for transactions made in a day.

    POS limit:

    The Federal Kisan Credit Card can be used at Agri merchant outlet POS. The daily limit on transactions made at the POS is Rs. 50,000.

    Documents Required:

    • Identity proof such as Voters ID, Passport, PAN Card or Driving License
    • Latest Photo in passport size
    • Proof of Residence such as Electricity Bill, Ration card, Lease agreement, Telephone Bill, Trade license, Passport, Sales Tax certificate, etc.
    • Proof of Land owned - this can be in the form of Possession Certificate, Tax receipt, etc.

    Eligibility Criteria for Federal Bank Kisan Credit Card:

    • This credit card is offered to farmers who are engaged in agriculture and other allied activities like Poultry, Dairy, etc. and for related requirements are eligible for Federal Kissan Credit Card scheme.
    • Farmers/ Agriculturists who cultivate crops on authorised leased lands can also avail the Federal Kissan Credit Card scheme.

    Other Agricultural Banking products offered by Federal Bank:

    Agri Loans:

    Agri Working Capital Loans:

    This loan can be used by farmers to meet their working capital needs and provides credit support for investment as well.

    Agricultural Infrastructure Loans:

    Agricultural Infrastructure loan scheme offers credit to farmers to help them create and develop agricultural infrastructure.

    Agri Gold Loans:

    Eligible applicants can avail Agri Gold loans against the gold ornaments owned by them for financial all agricultural and allied activities.

    Advance against Warehouse Receipts:

    Farmers can avail advance against warehouse receipts, for a value of up to Rs. 10 lacs.

    Federal Prathyasha Loan:

    Federal Prathyasha Loan is a credit scheme offered to farmers, using which they can foreclose their debt to an informal sector by placing a group/ collateral security.

    Agri Term Loans;

    Agricultural Term Loans are offered to farmers for financing plantation building and for other allied farming purposes.

    Agri Allied Loans:

    Animal Husbandry Business:

    Agri Allied Loans are offered to individuals involved in the animal husbandry business so that they can finance the purchase of assets and infrastructure.

    Broiler Poultry Farming Loans:

    Agri Allied Loans are offered to individuals involved in the Poultry Farming business so as to help them avail term loan or cash credit.

    FAQs for Federal Bank Kisan Credit Card:

    1. What is the repayment option available on the Federal Kissan Credit Card scheme?

      Federal Kissan Credit Card holders can repay the credit due in lump sum.

    2. What is the validity period for the Federal Kissan Credit Card?

      The Federal Kisan Card is valid for up to 60 months and it is also subject to annual review by the Bank.

    3. What is the loan amount that can be availed on the Federal Kissan Credit Card?

      The maximum amount of loan that can be availed by an eligible applicant is determined based on the cropping pattern, operational land holding, maintenance cost for farm animals, scale of finance required for crops grown, farm machineries, and expenses related to other allied activities.

    4. What is the loan margin?

      The loan margin applicable on the loan against the Federal Kissan Credit Card is 15%.

    5. Should I pledge a security with the Bank?

      For loans upto Rs. 1 lakh, collateral security is not required under the Federal Kisan Credit Card scheme. However, if the loan amount is above Rs.1 Lakh, then the customer should pledge a collateral security in the Bank.

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